Reportedly, China’s Angang Steel has announced to raise the prices of most steel product by RMB100~RMB350/ton for next January after Baosteel and Wuhan Iron and Steel Corp. (WISCO) increased the ex-work prices. Currently, China’s daily output of crude steel was averaged at 1.667 million tons in the first 10 days of December, up by 1.5% [...]

Reportedly, China’s Baosteel has announced to lifts its steel prices for January, 2011. The prices of hot rolled coils, including low carbon, ultra-low carbon, and normal cold-formed usage steel have increased by RMB260/ton; others have been up by RMB100/ton. For the pickling material, the prices have soared by RMB200/ton averagely. Meanwhile, the prices of cold [...]

Reportedly, due to strong demand from China, analyst indicated that the average contract prices of international coking coal may stand at US$240/ton FOB in 2011; furthermore, it would have a large increase in the second half of 2011. Besides, the appreciation of Australian dollar may boost the prices of coking coal to rise further as [...]

Reportedly, China Steel Corp. (CSC) has affirmed to purchase overseas iron ore jointly with China’s Baosteel in order to enhance the capacity of self-sufficiency and reduce the raw material costs. CSC’s chairman stated that the company is willing to try all the possibilities of joint venture if the resources are worth investing. Besides, CSC has [...]